What Is a Bank Draw Inspection?
A bank draw inspection is an independent, third-party inspection performed during active construction to verify project progress before construction funds are released. Alpha Building Inspections provides professional Bank Construction Draw Inspection services for commercial and residential projects, working with banks, lenders, financial institutions, and individual project owners.
These inspections are typically conducted monthly and help lending institutions confirm that construction work is progressing according to the approved plans, budget, and draw schedule. By verifying completed work on site, bank draw inspections reduce financial risk and ensure that funds are disbursed appropriately.
Understanding Our Bank Construction Draw Inspection Process
During each construction bank draw inspection, our inspector visits the job site to confirm that the requested draw amount accurately reflects the percentage of work completed. We evaluate whether construction milestones have been met and verify that materials and workmanship align with the approved construction documents.
Our inspection reviews:
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Accuracy of the contractor’s draw request
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Completion status of each construction phase
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Stored materials present on site
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Compliance with approved plans and specifications
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Overall construction quality and visible concerns
This process provides lenders with the documentation they need to confidently approve or adjust construction fund disbursements.
What Is Included in Our Bank Draw Inspection Reports?
Our bank draw inspection reports are detailed, photo-documented, and formatted for efficient lender review. Each report includes:
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General description of the construction project
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Current construction status with phase-by-phase commentary
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Completion schedule and project timeline assessment
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Evaluation of workmanship quality, site conditions, and concerns
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Review of approved and pending change orders
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Verification of stored materials
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Confirmation of permits, zoning compliance, licenses, taxes, insurance, and bonding
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Payment release recommendations
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Job site photographs documenting construction progress
